# China's c.bank records biggest net FX purchases in more than six years in Nov

> China's central bank made its biggest net foreign exchange purchase in more than six years in November, buying 35.4 billion yuan worth as the yuan strengthened. Robust exports and a growing trade surplus drove the currency higher.

- Date: 2021-12-15 · published 2021-12-15T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/43817-china-s-c-bank-records-biggest-net-fx-purchases-in-more-than-six-years-in-nov
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Heavy PBOC dollar buying signals a policy effort to slow yuan appreciation, which tends to support China's dollar-priced import demand. The impact on grain prices is indirect.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-10-20 | [China Sets Weaker-Than-Expected Yuan Fix, Adds More Cash  - Caixin Global](https://feedsoft.ai/events/7480-china-sets-weaker-than-expected-yuan-fix-adds-more-cash-caixin-global.md) | -0.0% | -0.1% |
| USDCNY | 2020-10-28 | [Yuan eases after China tweaks fixing formula to rein in strength \| Financial Post](https://feedsoft.ai/events/50848-yuan-eases-after-china-tweaks-fixing-formula-to-rein-in-strength-financial-post.md) | -0.4% | -1.9% |
| USDCNY | 2025-05-08 | [China’s yuan slips as PBOC guides currency lower - Markets - Business Recorder](https://feedsoft.ai/events/9620-china-s-yuan-slips-as-pboc-guides-currency-lower-markets-business-recorder.md) | -0.2% | -0.7% |
| USDCNY | 2024-11-26 | [China's yuan slides to four-month low on Trump's tariff promise \| Reuters](https://feedsoft.ai/events/27628-china-s-yuan-slides-to-four-month-low-on-trump-s-tariff-promise-reuters.md) | +0.6% | +0.8% |
| USDCNY | 2017-09-24 | [Fans of a more open China should welcome the devalued yuan](https://feedsoft.ai/events/69192-fans-of-a-more-open-china-should-welcome-the-devalued-yuan.md) | +1.0% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/chinas-cbank-records-biggest-net-fx-purchases-more-than-six-years-nov-2021-12-15/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.